Myanmar last week started to participate in the International Monetary Fund’s (IMF) General Data Dissemination System (GDDS), marking a major step forward in the development of its statistical system, the Paris-based lender said.
Myanmar is the 110th GDDS participant and the sixth country to join this system in the last 12 months, IMF said in a statement.
The GDDS was established by the IMF in 1997. It provides a framework to help countries to develop their statistical systems to produce comprehensive and accurate statistics for policymaking and analysis.
Kan Zaw, minister for national planning and economic development, said: “Myanmar is committed to use the IMF’s GDDS as a general framework to continue developing the national statistical system consistent with the best international practices.”
Louis Marc Ducharme, director of the IMF’s Statistics department, said: “I welcome Myanmar’s participation in the GDDS. It is an important milestone and marks a crucial step for Myanmar’s statistical development.”
Comprehensive information on Myanmar’s statistical production and dissemination practices now appears on the IMF’s Dissemination Standards Bulletin Board on its website.